CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 24/06/2021

Fundamental analysis

24 June, 2021

The British Pound USD currency pair was broadly unchanged at 1.3960 during the Asian session. The Pound moved slightly higher on Wednesday. The UK’s Manufacturing PMI for June printed at 64.2, its Services PMI for June came in at 61.7. New Home Sales for May in the United States for May fell short of their estimate at 769,000. The consensus forecast was 870,000. PMI’s for June in the United States were mixed. Manufacturing beat its forecast at 62.6, but Services PMI was a big miss landing on 64.8 versus the 70.0 expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/06/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/06/2021

Support & Resistance Level Explanation
Resistance 2 1.4039 Daily R2
Resistance 1 1.4004 Daily R1
Support 1 1.3908 Daily S1
Support 2 1.3872 Daily S2

GBPUSD Indicator Table - 24/06/2021

Indicator Signal
SMA 20 Buy
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Sell

GBPUSD Indicator / Period Table - 24/06/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GBPUSD 24/06/2021 - Reference Price : 1.3955

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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